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Credit Suisse Will Cut More Risk

Updated April 26, 2008 12:01 a.m. ET

Zurich-based bank Credit Suisse Group will continue to whittle positions hit by the subprime crisis, such as major buyout loans, the bank's chairman said. "We will ... continue to reduce our remaining positions in a prudent fashion and try to recover a significant proportion of the write-downs over time," Chairman Walter Kielholz told shareholders Friday. The bank on Thursday said it swung to a first-quarter net loss because of write-downs on leveraged loans and mortgage securities. The bank is attracting clients because of its strong capital position and solid funding, Mr. Kielholz...